How to use Finance101 finance101 calculator

If you click on the File menu and then the New sub-menu, you will see a list of views that you can display.
The first one listed is the “Finance 101″ view, and the screen below is displayed when you click on the OK button to open the highlighted view within the Finance101 calculator.

Finance101 finance101 form (how much money do you need?)

Finance101 finance101 form

Now, the purpose of this view is to make it easy for you to figure out which bills you can pay in perpetuity (fancy word for “forever”) if you want to.
The fields on the screen are pretty simple. There’s a radio button in the middle to choose the field you would like to solve for. It defaults to Initial Investment (PV), so that you will know how much money you need to save up in order to be able to pay the listed bills forever.
I defaulted the Target Amount field to a value which is a combination of a couple values. If you double-click on the field itself, you’ll see a popup list of items that would sum up automatically. But you can simply enter a value that you want in the field directly. To the right of that field, there are 2 other radio buttons. The first one is to figure out if the Target Amount value is a yearly (or annual) amount, or a monthly amount.
The middle field is Rate of Return (ROI), which is the the annual rate you will get on the investments.
There is finally a text field below that says “What does the above information mean?”, to help describe in regular English what the numbers represent.

Go to the Finance101 calculator home page
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5 Responses to How to use Finance101 finance101 calculator

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